Oculus Rift S VR Headset Announced - More of a Lateral Move Than an Upgrade

Today at GDC, Facebook announced a new version of their Oculus Rift headset that they're simply calling the Oculus Rift S. They announced a $399 (USD) price point for the device that will start shipping later this Spring.

On paper, the headset sounds like a decent device. It features an LCD 2560x1440 panel (1280x1440 per eye), better pixel density compared to the Rift, updated lenses, an 80Hz refresh rate, updated Oculus Touch controllers (functionally the same as the old ones),...